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Over 7 million* brits would rather work from home than get a pay rise

Posted inStatistics and trends

on20 May 2016

New research released for ‘National Work From Home Day’, has found that nearly a quarter (24% or 7.5 million*) of British workers would rather work from home one day a week than receive a pay rise, while seven million* admit they suffer from “procrastination or inertia issues” when working in an office.

The study by the Institute of Inertia, a partnership between comparethemarket.com and the University of Sheffield, found that 48% of workers are happier when they can work from home and nearly a third (32%) of British workers “feel more productive” when they do so. The top five reasons for better productivity for home working are:

1. Fewer interruptions - 66%

2. Ability to structure their day to suit their needs – 64%

3. Flexibility of working hours – 56%

4. More control of their ‘to do’ list – 35%

5. Fewer meetings – 33%

Despite the benefits for employees and employers, the Institute of Inertia study found that almost half (48%) of British workers never work from home, even though 60% would if their boss gave them the option.

The study also revealed that home working is “more productive” for older workers, with nearly three quarters (73%) of 45+ year olds being more productive at home,compared to 30% for 18-24 year olds. Over 45s also reported feeling “more in control of their workload” (74%), “less stressed” (65%) and “generally happier” (77%) when working from home – an important insight given that 36% of the UK's working population will be over 50 by 2020.**

Bosses will also be relieved that only 1 in 8 (12.5%) women and 11% of men admitted to “doing as little as I can get away with” when home working, although more women (8.77%) than men (4.60%) confessed to working from their bed. Nevertheless, 1 in 6 (17.57%) of Brits “never get dressed” when working from home.

When it comes to effective home working, the survey found that access to high-speed broadband (66.5%), is now the most “essential technology”.

Dr Thomas Webb, social psychologist at the Institute of Inertia said:

“Working from home not only allows workers to embrace a healthier work-life balance but also gives them the opportunity to focus on the tasks at hand, rather than be distracted by meetings and everyday office life. It also makes employees feel trusted and valued by their bosses leading to higher retention levels.

“We have a flexible working policy at comparethemarket.com and so we've seen first hand the boost to productivity and engagement that can come as a result of this approach. Flexible work shows that our employees are a recognised and trusted part of the business – meaning happier staff that stay longer. “

Phil Flaxton, Chief Executive of Work Wise UK said:

“Work is something you do, not somewhere you go, and adopting a flexible culture has been proven to cut down on wasted time and cost. Many British companies are now looking to recruit and retain staff by offering flexible work options. Furthermore, the rise of technology, such as broadband, cloud computing, instant messaging and handheld devices means working from home is more productive than ever and very easy to implement.”

*7.5 million. Percentage of 31.4 million employed people in Britain. Source: Office for National Statistics 2016.
**Government Actuary Department